Nano Dimension Provides Corporate Updates

Since Nano Dimension introduced the DragonFly Pro to the electronics market six quarters ago, the company successfully built a global reseller channel and delivered dozens of systems to end users printing thousands of PCBs. Working closely with key aerospace, defense and consumer electronics customers, it is becoming increasingly clear that 3D printed electronics is a transformative force in the electronic industry and one of the highest growth potential segments within the additive manufacturing market.

“In the coming weeks, after a year of extensive product development in close cooperation with select customers, the company plans to launch a new system within the DragonFly family. This new 3D printer delivers substantial performance improvements and mission critical features that were developed in direct response to customer needs,” said Amit Dror, CEO of Nano Dimension. “The new system is expected to significantly increase the value for our existing and targeted customers and fuel further revenue growth as we expand our end user universe and use cases,” continued Dror.

Concurrent with the eminent product launch mentioned above, the company took decisive steps to reduce its operating expenses. The restructuring included a headcount reduction of approximately 20%. These actions are expected to reduce the company’s use of cash in the coming periods.

Separately, the company is announcing that Simon Fried, co-founder and former president of North America, has decided to step down from his executive role, to pursue other opportunities. Mr. Fried will continue to serve on the company’s board of directors and to advise the company to ensure a smooth transition.

“Nano Dimension plans to strengthen its efforts to accelerate the adoption of its products, with the sole purpose of expanding its customer use cases from prototyping to production,” said Mr. Dror. “We believe that the combined actions we have taken position the company’s products and structure better for sustainable growth. We strongly believe in our technology, which is second to none, and in the disruptive changes it is leading in the electronics industry,” Dror concluded.

Share

Against a background of COVID-19 uncertainty and unprecedented challenges, but recognizing the vital importance of continuing to educate engineers and share the knowledge and skills required to manufacture boards and assemblies of the highest yields and reliability, the IPC Europe team hosted a technical webinar for the European electronics industry, featuring the expertise of two of I-Connect007’s regular columnists: Mike Carano and Jan Pedersen. Pete Starkey provides an overview.

Patty Goldman speaks with Dr. Bhanu Sood of NASA, Dieter Bergman IPC Fellowship Award recipient, about his extensive involvement with IPC on many committees developing standards to his work teaching professional development courses and mentoring young engineers.

Happy Holden traveled to San Diego for IPC APEX EXPO 2020. He was happy to get out of Grand Rapids, where the temperature had dropped to 28 degrees. In this article, he describes some of the highlights of the show, from beginning to end.

Printer Version

Nano Dimension Provides Corporate Updates

Nano Dimension Ltd. has announced several corporate updates.

Since Nano Dimension introduced the DragonFly Pro to the electronics market six quarters ago, the company successfully built a global reseller channel and delivered dozens of systems to end users printing thousands of PCBs. Working closely with key aerospace, defense and consumer electronics customers, it is becoming increasingly clear that 3D printed electronics is a transformative force in the electronic industry and one of the highest growth potential segments within the additive manufacturing market.

“In the coming weeks, after a year of extensive product development in close cooperation with select customers, the company plans to launch a new system within the DragonFly family. This new 3D printer delivers substantial performance improvements and mission critical features that were developed in direct response to customer needs,” said Amit Dror, CEO of Nano Dimension. “The new system is expected to significantly increase the value for our existing and targeted customers and fuel further revenue growth as we expand our end user universe and use cases,” continued Dror.

Concurrent with the eminent product launch mentioned above, the company took decisive steps to reduce its operating expenses. The restructuring included a headcount reduction of approximately 20%. These actions are expected to reduce the company’s use of cash in the coming periods.

Separately, the company is announcing that Simon Fried, co-founder and former president of North America, has decided to step down from his executive role, to pursue other opportunities. Mr. Fried will continue to serve on the company’s board of directors and to advise the company to ensure a smooth transition.

“Nano Dimension plans to strengthen its efforts to accelerate the adoption of its products, with the sole purpose of expanding its customer use cases from prototyping to production,” said Mr. Dror. “We believe that the combined actions we have taken position the company’s products and structure better for sustainable growth. We strongly believe in our technology, which is second to none, and in the disruptive changes it is leading in the electronics industry,” Dror concluded.